Showing posts with label Halo Properties. Show all posts
Showing posts with label Halo Properties. Show all posts
Thursday, February 7, 2013
Lawsuit: Filed!
As previously reported, Sumner County will sue Fifth Third Bank in conjunction with Tax Increment Financing and the use of credit swaps to facilitate the development of Indian Lake Village. The suit seeks $4.5 million.
Tuesday, January 29, 2013
County Committee Votes to Sue over TIF
That's Tax Increment Financing -- and the suit would be against Fifth Third Bank for their management of funds related to the Indian Lake Village/Streets of Indian Lake Development managed by Halo Properties.
The Committee alleges that millions in taxpayer dollars have been misappropriated due to the financing schemes utilized by Fifth Third.
The Committee alleges that millions in taxpayer dollars have been misappropriated due to the financing schemes utilized by Fifth Third.
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